Washington Post editorial board argues raising taxes on rich would be fruitless
WASHINGTON, D.C. (Fox News) — The Washington Post argues that raising taxes on top earners in the United States would yield minimal additional revenue and slow economic growth.
## Key Facts:
– The Post editorial cites a paper by three Joint Committee on Taxation economists.
– The research paper uses the Laffer Curve to measure the trade-off between top tax rates and revenue.
– Consideration of federal tax rates’ interaction with state and local taxes is emphasized.
– A more progressive tax code is argued to lead to a smaller economy and fewer jobs.
## Analysis:
The Post contends that increasing the top tax rate would result in significant reductions in economic growth and job opportunities.
## Conclusion:
The editorial board believes that making the income tax more progressive isn’t worth the trouble. CITY, State (Fox News) — The Supreme Court ruled in favor of allowing states to require online retailers to collect sales tax, a decision that will have a major impact on e-commerce businesses.
This decision overturns a previous ruling that restricted states from collecting sales tax from businesses that did not have a physical presence in the state.
E-commerce companies like Amazon and eBay will now be required to collect sales tax on purchases made in states where they do not have a physical presence.
The ruling is expected to level the playing field for brick-and-mortar retailers who have long argued that they were at a disadvantage due to the tax loophole for online retailers.









